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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 886-4663

$ 525,000

Est. payment -/mo

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420-416 W Jackson ST Morris, IL 60450

8 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12531385

Bedrooms 8

Year Built 1920

Annual Tax Amount $9,895

Tax Year 2024

Lot Dimensions 100x120

Property Sub-Type Two to Four Units

Property Description

Discover a rare chance to own two spacious multifamily homes 420 (approx. 2,600 sq ft) and 416 (approx. 3,000 sq ft) each configured as two large units for a total of four well-maintained 2-bed, 1-bath apartments. Ideally located just blocks from historic downtown Morris and miles from the I-80/IL-47 interchange, this property offers excellent commuter access and strong tenant appeal. Built in 1920, both buildings have benefited from substantial recent mechanical updates. 420 received a new furnace and A/C in 2025, and 416 received new units in 2021. Both roofs were replaced in 2017 with 50-year shingles. All units offer central heat and A/C, are separately metered besides the water, and tenants pay all utilities. Each unit also includes in-building laundry, with washers and dryers owned by the tenants. 420 has Long-term residents and historically low turnover overall contribute to consistent cash flow and minimal management demands. This is an excellent option for both new investors looking to enter the rental market and experienced owners seeking to expand their portfolio. Morris continues to be a high-demand rental area. Major employers include Morris Hospital, Constellation, D Construction, Procter & Gamble, Costco (meat processing & distribution), Trader Joe's, Walmart, Grainger, LyondellBasell, Sunbelt, Kellogg's, US Cold Storage, and the planned Canadian National Railway (CN) logistics hub expected to bring thousands of permanent jobs to the region. The combination of strong local employment and limited multifamily competition makes this a stable asset.

Location

State IL

County Grundy

Area Morris

Rooms

Basement Unfinished, 8 ft + pour, Full

Interior

Heating Natural Gas

Equipment Water Heater-Gas

Fireplace N

Exterior

Garage Spaces 4.0

Community Features Sidewalks, Street Paved

Roof Type Asphalt

Building

Lot Description Corner Lot

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Morris Grade School

Middle Schools Morris Grade School

High Schools Morris Community High School

School District 54 , 54, 101

Others

Ownership Fee Simple

Special Listing Condition None

Listed by David Welter of RE/MAX Top Properties

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MY BLOGS

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slowly nearing college graduation and my older girls working hard in their careers, the days of simple life are taken over by group texts and long-distance daily check-ins. It's just not the same.

less is more, unless, it's for less.

Each day, I'd get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds frantically starring at the time ticking away. All ready but just need to ...find ....one matching sock.

Contact Us

Phone

+1(847) 886-4663

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005